Price for Hydrogen, Rare Gases and Other Non-Metals in Portugal - 2023
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Portugal (FOB) - 2023
- Price for Hydrogen, Rare Gases and Other Non-Metals in Portugal (CIF) - 2023
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Portugal
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Portugal
Price for Hydrogen, Rare Gases and Other Non-Metals in Portugal (FOB) - 2023
The average export price for hydrogen, rare gases and other non-metalses stood at $784 per thousand cubic meters in November 2023, with an increase of 38% against the previous month. Overall, export price indicated a temperate increase from November 2022 to November 2023: its price increased at an average monthly rate of +4.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for hydrogen, rare gases and other non-metalses increased by +98.7% against June 2023 indices. The most prominent rate of growth was recorded in September 2023 an increase of 45% m-o-m. Over the period under review, the average export prices hit record highs in November 2023.
As there is only one major export destination, the average price level is determined by prices for Spain.
From November 2022 to November 2023, the rate of growth in terms of prices for Spain amounted to +3.1% per month.
Price for Hydrogen, Rare Gases and Other Non-Metals in Portugal (CIF) - 2023
In November 2023, the average import price for hydrogen, rare gases and other non-metalses amounted to $661 per thousand cubic meters, which is down by -11.5% against the previous month. In general, import price indicated a perceptible increase from November 2022 to November 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for hydrogen, rare gases and other non-metalses decreased by -24.4% against September 2023 indices. The pace of growth was the most pronounced in September 2023 when the average import price increased by 33% against the previous month. As a result, import price attained the peak level of $0.9 per cubic meter. From October 2023 to November 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From November 2022 to November 2023, the rate of growth in terms of prices for Spain amounted to +1.5% per month.
Exports of Hydrogen, Rare Gases and Other Non-Metals in Portugal
Exports of hydrogen, rare gases and other non-metalses from Portugal plummeted to 71M cubic meters in 2022, which is down by -17% compared with the year before. Over the period under review, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of 85M cubic meters, and then fell markedly in the following year.
In value terms, exports of hydrogen, rare gases and other non-metalses dropped dramatically to $30M in 2022. In general, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 79%. As a result, the exports attained the peak of $39M, and then shrank significantly in the following year.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 16.4 | 16.9 | 16.1 | 17.7 | 2.6% |
| Australia | N/A | 1.2 | 1.6 | 1.7 | 19.0% |
| France | N/A | N/A | 1.2 | 1.6 | 33.3% |
| United States | N/A | 1.8 | 6.6 | 1.1 | -21.8% |
| Angola | 3.2 | 0.8 | 1.9 | 0.9 | -34.5% |
| Germany | N/A | N/A | 1.1 | 0.4 | -63.6% |
| Others | 0.5 | 0.8 | 10.1 | 6.2 | 131.5% |
| Total | 20.1 | 21.7 | 38.7 | 29.8 | 14.0% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Portugal in 2022:
- Spain (48.6M cubic meters)
- France (8.4M cubic meters)
- Australia (4.7M cubic meters)
- Germany (2.6M cubic meters)
- Angola (1.8M cubic meters)
- United States (1.3M cubic meters)
Imports of Hydrogen, Rare Gases and Other Non-Metals in Portugal
Imports of hydrogen, rare gases and other non-metalses into Portugal fell significantly to 44M cubic meters in 2022, reducing by -21.6% against the year before. Over the period under review, imports saw a perceptible descent. The growth pace was the most rapid in 2021 when imports increased by 14%. As a result, imports attained the peak of 57M cubic meters, and then reduced remarkably in the following year.
In value terms, imports of hydrogen, rare gases and other non-metalses dropped remarkably to $21M in 2022. The total import value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 37%. As a result, imports attained the peak of $26M, and then fell sharply in the following year.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 19.5 | 17.7 | 23.9 | 18.9 | -1.0% |
| Netherlands | N/A | N/A | 0.7 | 0.8 | 14.3% |
| Finland | 0.5 | 0.5 | 0.4 | 0.3 | -15.7% |
| Others | 0.5 | 0.5 | 0.7 | 1.3 | 37.5% |
| Total | 20.5 | 18.7 | 25.7 | 21.2 | 1.1% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Portugal in 2022:
- Spain (42.3M cubic meters)
- Netherlands (0.8M cubic meters)
- Finland (0.8M cubic meters)
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